Key Features:
- Pays you an income while you’re too ill or injured to work. By ‘too ill or injured’, we mean unable to do the main tasks of your occupation, and you lose some or all of your income because of this, and you’re not doing any other paid or unpaid work.
- You can choose from our options how long you want to wait before your first benefit payment – this waiting time is your ‘deferred period’.
- You can choose from four premium options;
- Level guaranteed – your premium is guaranteed once your policy starts and will stay the same until your policy ends, unless you make any changes to your policy or select the increasing cover (RPI) option
- Age-costed guaranteed premiums - your premium is based on your age and will increase as you get older. We will let you know what the increases will be once your policy starts.
- Level reviewable premiums - your initial premium will be guaranteed for the first 5 years once your policy starts, and then may be reviewed where your premiums could go up, or down or stay the same.
- Age-Costed reviewable premiums - your premium is based on your age and will increase as you get older. Your premium could be reviewed after your 5th policy anniversary, and then may be reviewed where your premiums could go up, or down or stay the same.
- Pays you weekly or monthly into your chosen personal bank account or if you are claiming Universal Credit, directly to your mortgage lender.
- Can pay a valid claim weekly or monthly for a maximum of 1, 2 or 5 years at a time, or until your policy ends.
- Covers you for a minimum of 5 years until the age you choose – which can be any age from 50 to 70 (depending on your occupation).
- You can also choose cover that increases each year to keep up with the cost of living, with the option to pause increases.
- You can ask us to make changes to your policy whenever you want, as long as those changes are allowed by your Terms and Conditions. You can make some changes without having to answer any more questions about your health and lifestyle.
- There’s no limit to the number of times you can claim and you can claim more than once for the same illness or injury. But there are some restriction if you have a limited benefit period of 1, 2 or 5 years.
- You can add Fracture Cover to new Protect policies. There is an extra cost for this.
- You can add Children’s Critical Illness Cover to new Protect policies. There is an extra cost for this.
To request Protect policy information including the Policy Summary (Key Facts) and Terms and Conditions, please contact our Member Services Team on 01234 358 344 or e-mail enquiries@britishfriendly.com.
Protect can only be purchased through a Financial Adviser. If you are interested in purchasing a policy, you can find more information about finding a Financial Adviser in your area at: https://www.biba.org.uk/find-insurance/
